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Truck Rental in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Truck Rental in Canada Market Research Report | NAICS 53212CA | Mar 2014

Clearer road: Housing starts and consumer spending will drive up truck rental demand

IBISWorld’s Truck Rental market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
1.7%
Annual Growth 14-19
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Profit
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Employment
6,844
Businesses
598
Industry Analysis & Industry Trends

Although demand for truck rentals and leases waxed and waned, the industry received an overall net increase in demand over the five years to 2014. Increasing emissions and fuel-efficiency regulations are anticipated to drive demand from the commercial market going forward. Indeed, regulation aimed at lowering emissions from long-haul tractor-trailers and large pickup trucks by 23.0% by 2019 will require downstream customers to either purchase or lease new vehicles. IBISWorld expects that the majority of companies will lease their trucks from industry operators as downstream fleet operators seek more predictability and flexibility in their cost structures... purchase to read more

Industry Report - Industry Analysis Chapter

The Truck Rental industry has operated in a volatile environment over the past five years. Industry operators primarily rent trucks to consumers and lease trucks to companies in the trucking transportation sector; each of these two market segments has been hurt as a result of the recession. The economic downturn also negatively affected demand from consumers, particularly do-it-yourself movers, particularly when housing starts decreased. Similarly, falling activity in the trucking transportation sector due to the economic downturn also hurt demand for industry services. As the recession subsided and demand came back, trucking activity increased along with housing starts over the five-year period... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Truck Rental Industry?

This industry primarily rents or leases trucks, truck tractors, utility trailers, semitrailers, recreational vehicles (RVs) and buses without drivers. Vehicle retailing activity is excluded from this industry. Companies that rent or lease industrial trucks and equipment, such as forklifts, are covered in the Industrial Equipment Rental and Leasing industry (IBISWorld report 53249CA).

Industry Products
Truck leases and rentalsTractor leases and rentalsTrailer leases and rentalsOther leases and rentals
 
Industry Activities
Renting trucks, truck tractors, buses, RVs, utility trailers and semitrailersLeasing trucks, truck tractors, buses, RVs, utility trailers and semitrailers


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